China Development Bank obtained a permit to establish a representative office in Minsk

The National Bank of the Republic of Belarus gave a permit to China Development Bank to establish a representative office in the city of Minsk. A corresponding decision was taken by Resolution of the Board of the National Bank of the Republic of Belarus No. 256 dated June 5, 2018.

The representative office in Minsk is being established for the purpose of studying the possibilities of developing trade and economic relations between the two countries.

China Development Bank was registered on July 1, 1994 and carries out the banking activities on the basis of Financial License No. 00599183 dated June 13, 2017 issued by China Banking Regulatory Commission.

At present, four representative offices of foreign banks from Russia, Germany and of the Interstate Bank are registered in the Republic of Belarus.